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December 10, 2018

Five Essential Facilities Budgeting Considerations for 2019

By Bob Geiger

FACILITIES CONDITION ASSESSMENT AN IMPORTANT PLANNING TOOL

I recently published an article in Real Estate Weekly entitled “Five Essential Budgeting Considerations for 2019.” As the year ends and facilities managers and portfolio owners plan their budgets for the coming year, one of the fundamental starting points should be to perform and review an accurate facility condition assessment. This provides information about useful remaining life for major ticket items such as roofing, plumbing and HVAC systems, anticipated repairs and routine maintenance items, and long-term costs for capital needs. From there, budgeting can take into account unexpected maintenance costs and proactive preventative budgeting.

To read the full article in Real Estate Weekly, click here.

About the Authors

Bob Geiger

Chief Revenue Officer

As Partner’s CRO, Bob Geiger has over 25 years of experience focused on engineering and environmental services. Becoming the most trusted provider for due diligence and delivering integrated solutions services for asset management related to building systems, new developments, and environmental liabilities is the audacious business plan Mr. Geiger is uniquely adept at directing. He provides national strategies for supporting complex clients in commercial real estate, corporate occupier, and public sector markets. Mr. Geiger has a particular focus on combining our multidisciplinary team members in integrated real estate assessments and solutions related to building systems. He speaks and writes regularly about real estate due diligence trends as well as developments in facilities management. A Midwest native, Mr. Geiger helps direct Partner’s Chicago and Lombard offices.

Get in Touch

Bob Geiger
(773) 840-5070
[email protected]

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